Results 141 to 150 of about 5,334,888 (192)

Demand, the law of demand, Giffen and Veblen effects. Part 1. Functional demand

Theoretical Economics
This paper provides a concise review of national educational and scientific literature addressing the law of demand and its exceptions. It critically examines common inaccuracies, misconceptions, and misinterpretations, particularly regarding the law of ...
Vladimir Tsurikov
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Veblen Goods and Neighborhoods: Endogenizing Consumption Reference Groups [PDF]

SSRN Electronic Journal
One of the significant developments in the last four decades of economics is the growing empirical evidence that individual consumption preferences, as mea- sured by self-reported life satisfaction, are neither fixed nor self-centred but are instead overwhelmingly dominated by externalities, partly in the form of reference levels set by others and by ...
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A Review of the Chinese School of International Relations: Moral Realism

Acta Globalis Humanitatis et Linguarum
How was the term "neoclassical economics" introduced to economics and what thoughts does it imply? Is the current use of this term consistent with the initial efforts of its founders? These questions are among the categories that always occupy the minds
Mohammad Ekram Yawar
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A Review of Neoclassical Economics and its Importance

Porta Universorum
How was the term "neoclassical economics" introduced to economics and what thoughts does it imply? Is the current use of this term consistent with the initial efforts of its founders? These questions are among the categories that always occupy the minds
Atiqullah Matin, Mohammad Ekram Yawar
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The Concept of Sacramental Goods: Addressing Veblen's Critique of Liturgy

Studia Liturgica
Liturgy invites participants to partake in spiritual goods that are also economic commodities. This article explores the liturgical significance of these commodities through the lens of Veblenian thought. Thorstein Veblen argues that consumption of positional or inherently limited goods signifies predatory status, and that liturgy similarly uses such ...
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Veblen effect, search for status goods, and negative utility of conspicuous leisure. [PDF]

, 2012
When expected savings on purchases are greater than the wage rate, the optimal search results in the negative marginal utility of leisure. The search transforms the classical backward bending effect and the leisure becomes complementary to the search. Consumers compensate “bad” leisure by status goods of exceptional quality on markets with high price ...
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Civilizing capitalism: “good” and “bad” greed from the enlightenment to Thorstein Veblen (1857-1929) [PDF]

, 2013
"As we look over the country today we see two classes of people. The excessively rich and the abject poor, and between them is a gulf ever deepening, ever widening, and the ranks of the poor are continually being recruited from a third class, the well-to-do, which class is rapidly disappearing and being absorbed by the very poor." Milford Wriarson ...
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When Veblen meets Krugman: social network and city dynamics

Economic Theory, 2017
C. Ghiglino, Antonella Nocco
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An Analysis of Key Determinants Driving Luxury Goods Consumption among Young Adults to Understand the Implications of the Veblen Effect

This research paper is to study the factors that influence the purchase of luxury goods amongst young individuals and how these factors contribute to a study of the Veblen effect. The study contributes in understanding customer preferences by the stratification of consumers on purchase decisions, personal satisfaction and social influence.
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Veblen Goods

2023
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